Less than 18 months after acquiring the former Century Plaza high-rise condo tower in central Phoenix, the owners of One Lexington condominiums said they have sold out 85 percent of the project, an average of about one unit every three days. Developers Rob Macdonald and Robert Hubbard, of British Columbia-based Macdonald Development Corp., said it’s …
Category Archives: Regional
Making garage doors stand up to hurricanes
Did you know your garage door may be the most vulnerable part of your home to hurricane damage? That’s because it is typically the largest opening in a home. If left unsecured, the garage door is susceptible to 100-plus-mph winds that can cause it to buckle, allowing wind to penetrate the garage, potentially rip apart …
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Is there money to be made in home flips? [Southern California]
Home flipping follows an assembly-line process.Investors who work in teams scout for bargains, close quickly with cash, gut and beautify, and market the homes to agents — all while the timer’s ticking. If everything goes right, their money and muscle will yield enough profit to keep that machine churning.“It’s not for the weak of heart,” …
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Financial planners: Home no longer reliable tool to build personal wealth
Residents of Volusia and Flagler counties well know that in order to build wealth, they can no longer simply rely on buying a house. That ship sailed in 2007, with the housing collapse dislodging its anchor. Financial planners say their clients — who skew to upper-middle class — have realized this and begun focusing more …
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Inside a high-end real estate deal gone bad
Scattered across 540 acres of San Diego County hills and ravines, the 235 opulent homes of the Bridges at Rancho Santa Fe flank a private golf course and country club with tile-roofed towers inspired by Tuscan villages.The placid panorama belies decades of bruising battles among the project’s developers. The cast includes home-building titan Lennar Corp., …
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Tiny terrorists at home in Florida
As if the love bugs weren’t enough. There’s something a lot more destructive than bugs splattering across car windshields: termites. The winged insects cause an estimated $5 billion damage each year in the United States, and Florida’s warm and humid weather makes the state a prime breeding ground. “The warmer and wetter the climate, the …